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...Ark’s flagship Innovation ETF soared more than 150 per cent in 2020, a level of performance that beat virtually every other competitor and put the firm on the map....
...Google reported $175bn in revenue from search and related ads last year, more than half its total sales, posing a conundrum for the company over how to embrace the latest AI innovations while preserving...
...Wood’s $8bn Ark Innovation exchange traded fund recorded a 68 per cent gain last year, putting it within the top one per cent of its peers, according to data from Morningstar....
...Seemingly outlandish, this estimate is consistent with the dramatic boost to real GDP growth during bursts of technologically enabled innovation in the past 2000+ years....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
Lawsuit sets up rare public clash between two big Wall Street rivals
...“Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,” he added....
...Brussels blocked the deal a year later over concerns it would limit consumer choice and hurt innovation. Illumina appealed to the EU court but it sided with the commission in 2022....
...“Today’s charges are the latest illustration of the lengths affiliates of companies based in the People’s Republic of China are willing to go to steal American innovation,” FBI director Christopher Wray...
...The project, which faced delays because of the pandemic and supply chain snags, can detect emissions as low as 500kg per hour from areas as small as 1 sq km, while simultaneously scanning a field of view...
Amazon, Microsoft and Google pledge to defend customers from IP issues, but their indemnities are narrow
...Europe’s AI Act is an important development in balancing innovation and risk....
...“Private equity backing is a clear growth accelerator and investment opens opportunities for acquisition, funding technology and other innovations,” said Anton Colella, Moore Global chief executive....
...“In China, the story is the unbelievable size the market has become, combined with innovation,” he said in an interview with the Financial Times in June....
...Although its stated intent is to accelerate innovation and competition, Microsoft’s tie-up with OpenAI has already attracted the scrutiny of regulators as to whether it constitutes a merger....
...Courts and antitrust regulators are discovering how rewarding that innovation is. The man who keeps telling them is Tim Sweeney, chief executive of Epic Games, the developer behind the game Fortnite....
...“While the robotics of the A-lab is cool, the real innovation is the integration of various sources of knowledge and data with A-lab in order to intelligently drive synthesis,” he said....
...The rate of innovation is high. They spend a lot of money on R&D. They are among the largest patent holders. There’s very little evidence of collusion....
...The UK has emphasised it will not be creating specific AI legislation in the short term for fear it could hamper innovation. Instead, it will look to existing regulators to oversee the technology....
...These include a £30mn tidal power project at Morlais, which will generate power from underwater turbines installed on a 35 sq km patch of specially designated seabed....
...Wood’s flagship investment product — the $6.3bn ARK Innovation exchange traded fund, known as ARKK — is down more than 25 per cent over the past three months, according to Morningstar....
...Big is not by definition bad, if it is focused more on innovation than domination — but which is it now?...
...It left her with the firm view that “all tech companies should actively support culture and lean in to rapid cultural change and innovation.”...
...Brussels chose to block the transaction a year later, saying it would stifle innovation and limit choice for consumers....
...But even if European investors do want more exposure to companies promising disruption and innovation, that is no guarantee of success for Wood, according to analysts and industry executives....
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